HealthEquity

HealthEquity, Inc. provides range of solutions for managing health care accounts. The firm’s offers its solutions for employers, health plans, brokers, consultants and financial advisors. Its services include HAS, FSA, HRA, DCRA, 401(k), Commuter, COBRA and HIA. It also offers products like healthcare saving and spending platform, health savings accounts, investment advisory services, reimbursement arrangements, and healthcare incentives. The company was founded by Stephen D. Neeleman on September 18, 2002 and is headquartered in Draper, UT.

Earnings data Q4 2021

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HQY reports strong Q1 performance, faces challenges in seasonality and yield expectations

HQY's Q1 performance reflects strong growth and positive financial results, driven by increased HSA adoption and employer interest. However, the company faces challenges related to seasonality and yield expectations. To capitalize on opportunities, HQY should focus on reaching its enhanced rates target and addressing service fee pressures.

HealthEquity reports robust Q2 performance and eyes market expansion

HealthEquity's strong Q2 performance, driven by revenue and EBITDA growth, is supported by the enhanced rates product and expanded network partner footprint. While facing short-term challenges in interchange revenue and M&A environment changes, the company is well-positioned to capitalize on opportunities presented by market dynamics and regulatory discussions.

HealthEquity reports robust Q3 performance and optimistic fiscal '25 outlook

HealthEquity's Q3 performance showcased strong financial results, with raised fiscal '24 guidance and optimistic initial fiscal '25 guidance. The company is well-positioned to navigate challenges and capitalize on opportunities, particularly in expanding its market presence and enhancing customer satisfaction.

HealthEquity (HQY) posts record earnings, eyes growth through innovation

HealthEquity (HQY) delivered strong financial results, exceeding expectations and demonstrating growth across key metrics.
While facing challenges in certain business segments, the company's focus on technology, customer experience, and long-term quality positions it well for the future.
Opportunities for R&D acceleration, innovation through M&A, and expansion of product offerings present avenues for sustained growth and competitive advantage.

HealthEquity reports robust Q1 results, raises fiscal '24 guidance

HealthEquity's Q1 performance reflects strong financial growth and stability, with revenue, EBITDA, and HSA metrics showing positive trends.
The company's proactive approach to guidance revision, service fee optimization, and strategic partnerships positions it well for future success.
Challenges in managing fee pressures, COBRA impact, and M&A environment slowdown require focused strategies for sustained growth and market leadership.

HealthEquity reports robust Q2 results, eyes growth amid market shifts

HealthEquity's Q2 results reflect strong financial performance and strategic positioning for future growth.
Despite challenges in revenue consistency and market dynamics, the company's strengths in service quality and market leadership are key assets.
Opportunities in revenue growth, legislative changes, and market demand provide avenues for HealthEquity's continued success.

HealthEquity reports strong Q3 growth and bullish outlook for fiscal '25

HealthEquity's Q3 2024 earnings call highlighted impressive financial performance, strategic acquisitions, and optimistic guidance for fiscal '25, underlining the company's growth trajectory and market positioning.
While facing challenges in integrating acquisitions, maintaining competitive pricing, and managing asset maturation, HealthEquity remains focused on growth opportunities through enhanced yield products and consumer empowerment.
The company's emphasis on stability, profitability, and reinvestments, coupled with a proactive approach to engaging investors, sets the stage for continued success and market differentiation in the evolving healthcare landscape.

HealthEquity reports robust Q4 earnings, eyes growth through innovation

HealthEquity delivered strong financial results in Q4 2024, showcasing robust revenue growth and operational performance.
The company's focus on enhancing shareholder value, strategic mergers, and technology investments positions it well for future growth.
Challenges in pricing pressures and technology spend trends require careful navigation, while opportunities in HSA cash rates and digital innovations offer avenues for expansion.
Overall, HealthEquity's performance highlights resilience, strategic foresight, and a commitment to driving long-term value for stakeholders.

HealthEquity reports robust Q1 results, eyes cost savings and growth

HealthEquity's Q1 performance reflects strong growth in revenue, EBITDA, and HSA assets, underlining its market strength and operational efficiency.
The company's focus on cost savings, customer experience enhancement, and new sales growth positions it well for future success and market expansion.
While facing challenges in transitioning processes and managing costs, HealthEquity is leveraging opportunities in technology and market expansion to drive continued growth.

HealthEquity reports robust Q2 growth, unveils innovative healthcare payment options

HealthEquity's Q2 performance reflects strong growth and strategic initiatives to enhance healthcare payment options.
While facing challenges in margins and market conditions, the company's focus on innovation and team efforts bode well for future success.
Opportunities lie in leveraging HPAs, digital integration, and market expansion to drive continued growth and customer value.
Overall, HealthEquity's performance and outlook demonstrate resilience and a commitment to driving healthcare financial solutions.

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HealthEquity, Inc. engages in the provision of technology-enabled services for healthcare and spending decisions. The company was founded by Stephen D. Neeleman on September 18, 2002 and is headquartered in Draper, UT.

HealthEquity, Inc. (NASDAQ:HQY ) Q2 2024 Earnings Conference Call September 5, 2023 4:30 PM ET Company Participants Richard Putnam - Investor Relations Jon Kessler - President & Chief Executive Officer James Lucania - Incoming Chief Financial Officer Tyson Murdock - Executive Vice President & Chief Financial Officer Steve Neeleman - Vice Chair & Founder of the Company Conference Call Participants Greg Peters - Raymond James Stan Berenshteyn - Wells Fargo Glen Santangelo - Jefferies Sean Dodge - RBC Capital Markets Scott Schoenhaus - Stephans Allen Lutz - Bank of America George Hill - Deutsche Bank Mark Marcon - Baird David Larsen - BTIG Sandy Draper - Guggenheim Operator Hello, everyone, and welcome to the conference. Please note today's conference is being recorded.

HealthEquity, Inc. (HQY) Q2 2024 Earnings Call Transcript

HealthEquity (HQY) came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.33 per share a year ago.

HealthEquity (HQY) Beats Q2 Earnings and Revenue Estimates

While the top- and bottom-line numbers for HealthEquity (HQY) give a sense of how the business performed in the quarter ended July 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, HealthEquity (HQY) Q2 Earnings: A Look at Key Metrics

Delivers Record HSA Asset Growth, Margin Expansion Highlights of the second quarter include: Revenue of $243.5 million, an increase of 18% compared to $206.1 million in Q2 FY23. Net income of $10.6 million, compared to net loss of $10.7 million in Q2 FY23, with non-GAAP net income of $45.6 million, an increase of 62% compared to $28.1 million in Q2 FY23.

HealthEquity Reports Second Quarter Ended July 31, 2023 Financial Results

Here is how HealthEquity (HQY) and InMode (INMD) have performed compared to their sector so far this year.

Is HealthEquity (HQY) Outperforming Other Medical Stocks This Year?

HealthEquity is the largest player in the Health Savings Account market, with a 20% market share and the most assets under management. The company offers other consumer-directed benefits, such as flexible spending accounts and health reimbursement arrangements. HQY's revenues have been growing strongly, but its profitability has been inconsistent.

HealthEquity: A Business Model That Can't Lose?

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HealthEquity's (HQY) strength in HSA raises optimism about the stock.

Here's Why You Should Invest in HealthEquity (HQY) Stock Now

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Has HealthEquity (HQY) Outpaced Other Medical Stocks This Year?

Initiative will provide practical education, expert insights, and launch the 2023 HSA Guidebook Initiative will provide practical education, expert insights, and launch the 2023 HSA Guidebook

HealthEquity Announces Inaugural "HSA Week" to Increase Consumer Education and Engagement

DRAPER, Utah, Aug. 08, 2023 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ: HQY) (“HealthEquity” or the “Company”), the nation's largest health savings account (“HSA") custodian, today announced plans to release its second quarter of fiscal 2024 financial results following the close of regular stock market trading hours on Tuesday, September 5, 2023. Following the news release, HealthEquity management plans to host a conference call for investors on Tuesday, September 5, 2023, at 4:30 p.m. ET during which management will review the Company's second quarter results.

HealthEquity Sets Date to Announce Second Quarter Results Presentation at Conferences

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HealthEquity releases research findings from national employer and employee surveys HealthEquity releases research findings from national employer and employee surveys

New Data Shows Majority of HR Leaders Believe Consumer-Directed Benefits Help Employees Battle Inflation

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With solid top and bottom-line growth on the horizon for HealthEquity (HQY) and iRadimed (IRMD), they are starting to look like viable investments for 2023 and beyond.

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The consensus price target hints at a 34.2% upside potential for HealthEquity (HQY). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Predict a 34.21% Upside in HealthEquity (HQY): Here's What You Should Know

Investors continue to be optimistic about HealthEquity's (HQY) strength in HSA.

3 Reasons to Add HealthEquity (HQY) Stock in Your Portfolio

DRAPER, Utah, June 14, 2023 (GLOBE NEWSWIRE) -- HealthEquity, Inc. (NASDAQ: HQY) (“HealthEquity” or the “Company”), the nation's largest health savings account ("HSA") custodian, announced today that James M. Lucania has been announced as the Company's Executive Vice President and Chief Financial Officer with his term to begin following the filing of the Company's Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission for the fiscal second quarter in September, succeeding Tyson Murdock, who will remain our CFO until then to assist with a smooth and orderly transition.

HealthEquity Announces James Lucania as CFO

The consensus price target hints at a 26.6% upside potential for HealthEquity (HQY). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

How Much Upside is Left in HealthEquity (HQY)? Wall Street Analysts Think 26.59%

HealthEquity, Inc. shares have broken out of a 6-month downtrend, driven by positive Q1 FY'24 results. The company is well-positioned for growth, capturing market share at pace. The revised rating for HQY is a buy, with an intrinsic value target of $104/share.

HealthEquity: Revising To Buy On Earnings Power, Asset Factors

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HealthEquity (HQY) witnesses solid growth in HSAs, besides recording robust performances in all its segments, in the first quarter of fiscal 2024.

HealthEquity (HQY) Surpasses Q1 Earnings Estimates, FY24 View Up

HealthEquity is America's largest health savings account custodian company. The company has 15 million members, up 4% over the same period last year.

Why Shares of HealthEquity Are Up Tuesday

HealthEquity, Inc. (NASDAQ:HQY ) Q1 2024 Earnings Conference Call June 5, 2023 4:30 PM ET Company Participants Richard Putnam - Investor Relations Jon Kessler - President and Chief Executive Officer Tyson Murdock - Executive Vice President and Chief Financial Officer Steve Neeleman - Vice Chair and Founder of the company Conference Call Participants Glen Santangelo - Jefferies Stan Berenshteyn - Wells Fargo Anne Samuel - JPMorgan George Hill - Deutsche Bank Greg Peters - Raymond James Sandy Draper - Guggenheim David Larsen - BTIG Scott Schoenhaus - KeyBanc Stephanie Davis - SVB Bank Mark Marcon - Baird Allen Lutz - Bank of America Operator Good day and welcome. I would now like to turn the conference over to Richard Putnam to HealthEquity's Earnings Call.

HealthEquity, Inc. (HQY) Q1 2024 Earnings Call Transcript

HealthEquity (HQY) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.27 per share a year ago.

News for HealthEquity Stock (HQY)